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Villa Coronado is a well-maintained 14-unit garden-style apartment property located at 534 and 542 South Coronado Street in the Westlake District of Los Angeles. The property consists of two separate buildings situated on individual APNs and offers classic architectural character and functional site design. Villa Coronado appeals to a broad investor audience due to attractive value metrics, strong in-place income performance, a RUBS program that offsets water expenses, spacious unit layouts, and approximately ±21% rental upside potential. Located on a quiet, tree-lined residential street, the property features mature landscaping, garden pathways, and landscaped seating areas that contribute to a private and cohesive residential setting. Constructed in 1922 and 1924, the two wood-frame buildings feature flat roofs and smooth stucco exteriors consistent with early Los Angeles architectural design. The property contains approximately 11,430 square feet of residential living area across two parcels totaling approximately 12,804 square feet and is zoned LAR3. The unit mix includes two studio units, ten one-bedroom units, one two-bedroom unit, and one two-bedroom-plus-den unit. Units feature open layouts, high ceilings, natural light, and original architectural details such as crown molding and hardwood-style flooring. Select units include individual hot water heaters and in-unit washer and dryer hookups. Some units feature dual entry points. Parking is accessed from Ocean View Avenue and includes four surface spaces and four enclosed garages. The property has undergone improvements over time and remains well-maintained. The Westlake District is located just west of Downtown Los Angeles and offers convenient access to surrounding neighborhoods, including Koreatown and Hollywood. The area features a diverse mix of historic, mid-century, and modern residential architecture. MacArthur Park serves as a central neighborhood amenity and includes landscaped open space and the Levitt Pavilion, which hosts public programming and live performances. Alvarado Street and Wilshire Boulevard function as key commercial corridors, while Metro rail and bus lines provide connectivity throughout the greater Los Angeles region.
Property Type(s):
Residential Income
| Last Updated | 1/19/2026 | Year Built | 1924 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | Garage Spaces | 4.0 |
| County | Los Angeles |
Price History
| Prior to Jan 19, '26 | $2,730,000 |
|---|---|
| Jan 19, '26 - Today | $2,550,000 |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| GARAGE | Yes |
| LOT | 0.2939 acre(s) |
| LOT DIMENSIONS | 12804 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Equity Union
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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